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Top China Stories from WSJ: No. 2 Box Office, Tax-Free Art, BYD Cabs

Chinese actress Zhang Ziyi arrives at the 2nd Beijing International Film Festival on April 23, 2012.

Your daily round-up of the best of the Journal’s China coverage:

Within China’s Smog, a Silver Lining for Investors: The People’s Money: Beijing’s efforts to fuel growth while protecting the environment may be bad news for energy-intensive industries, but investors have already found promise in environmental technology and services companies. (Subscriber Content)

BYD to Roll Out Electric Cabs in Hong Kong: Eager to promote China’s first electric car to a global audience, battery and carmaker BYD plans to offer nearly four dozen of its e6 vehicles for low-cost lease to Hong Kong taxi operators. (Subscriber Content)

China Is Now No. 2 Box Office Behind U.S.: China surpassed Japan in 2012 to become the world’s second-largest movie market, behind the U.S., with box office receipts in the world’s most populous nation up 36% to $2.7 billion. (Subscriber Content)

Chinese Create Tax-Free Zone for Art: A Chinese state-owned company is aiming to stoke the country’s cultural sector with a tried-and-tested industrial model that’s worked in the past for China’s manufacturing industries: Create a tax-free zone for companies in the arts-and-entertainment world. (Subscriber Content)